Freedom Mobile acquisition boosts Quebecor’s revenue
- Quebecor’s 4Q profit slightly declined
- Revenue exceeded expectations due to the addition of Freedom Mobile
- Net income was 141.2 million Canadian dollars ($104.6 million)
- Adjusted earnings were C$0.73 a share
- Revenue rose nearly 27% to C$1.5 billion
- Telecommunications revenue increased by 35%
- Acquisition of Freedom Mobile contributed to growth
Quebecor reported a slight decline in profit in the fourth quarter, but its revenue exceeded expectations thanks to the addition of Freedom Mobile to its network. The Canadian media and telecommunications company posted a net income of 141.2 million Canadian dollars ($104.6 million), down slightly from the previous year. Adjusted earnings were C$0.73 a share, just below expectations. However, revenue rose nearly 27% to C$1.5 billion, surpassing analyst expectations. This increase in revenue was primarily driven by the acquisition of Freedom Mobile, which brought in new customers, infrastructure, spectrum, and retail outlets. As a result, telecommunications revenue increased by 35%.
Factuality Level: 9
Factuality Justification: The article provides factual information about Quebecor’s financial performance in the fourth quarter, including details about profit, revenue, and the acquisition of Freedom Mobile. The information is clear, concise, and based on verifiable data without any apparent bias or misleading statements.
Noise Level: 3
Noise Justification: The article provides relevant information about Quebecor’s financial performance in the fourth quarter, including details about profit, revenue, and the acquisition of Freedom Mobile. The article stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the telecommunications and media sectors in Canada. Quebecor’s financial performance and the acquisition of Freedom Mobile could potentially impact the stock prices and market valuations of companies in these sectors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: There is no mention of an extreme event in the news article.
Public Companies: Quebecor (QBR-B.TO), Shaw Communications (SJR-B.TO)
Private Companies: Freedom Mobile
Key People: Adriano Marchese (Author)
Reported publicly:
www.marketwatch.com 
